Billions missing from Iraqi slush fund

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doublelongdaddy
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"Billions missing from Iraqi slush fund"
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Billions missing from Iraqi slush fund
Baltimore Sun |
"U.S. officials in charge of the Development Fund for Iraq drained all but $900 million from the $20 billion fund by late last month in what a watchdog group has called an '11th-hour splurge.' An international monitoring board is planning an audit of money from the fund that was spent on contracts for Iraq's reconstruction that were approved without competitive bidding... Some critics have suggested that American authorities tapped the Iraqi money to avoid the stricter controls Congress demanded on the spending of U.S. tax dollars, after reports last year of overcharges by Pentagon contractors."

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